Re: How Bad Has The Global Economy Really Gotten? Both ECB And FED Launch Unlimited QE!!!

I cannot help but recall this passage I read on Sunday, really spoke to me in these times we are in...

11 This is what the Lord says to me with his strong hand upon me, warning me not to follow the way of this people:

12 “Do not call conspiracy everything this people calls a conspiracy;do not fear what they fear, and do not dread it.13 The Lord Almighty is the one you are to regard as holy, he is the one you are to fear, he is the one you are to dread.

Re: How Bad Has The Global Economy Really Gotten? Both ECB And FED Launch Unlimited QE!!!

So… we’ve now got both the ECB AND the US Federal Reserve promising to do “open ended” purchases of various bonds. If this doesn’t make it clear, point blank that the Central Banks don’t have a CLUE how to solve the Financial Crisis this is it.

For example, I got a loan from citi, and somehow I default on my loan and the fed bought it from citi, but it doesn't make my loan disappear! WTF!!!

Re: How Bad Has The Global Economy Really Gotten? Both ECB And FED Launch Unlimited QE!!!

So… we’ve now got both the ECB AND the US Federal Reserve promising to do “open ended” purchases of various bonds. If this doesn’t make it clear, point blank that the Central Banks don’t have a CLUE how to solve the Financial Crisis this is it.

For example, I got a loan from citi, and somehow I default on my loan and the fed bought it from citi, but it doesn't make my loan disappear! WTF!!!

Quoting: waht

I think this is their option because china dragons own the fed, so they are going to priint their own money. yOu have not been informed of that truth which happened 2 years ago now. The fed is NOT a US of A organization/private bank. It is the global central bank. It was under the committee of 300, their tool, chaired by the queen.

Unlimited QE and buying housing bonds is not going to fix the problem. These fucking dickwads are so far out of touch with the real issue it's almost laughable at this point.

They have no clue what they are doing, they don't know how to fix the issue.

People need debt relief so they can take on fresh credit and buy new things. As it stands now nobody is buying shit because they don't know if they will have jobs, they are not getting raises, and incomes have dropped.

They are not buying anything because they have too much debt as it is. Credit cards are maxed out, people are living paycheck to paycheck, and people have no discretionary income.

Groceries, gas, health insurance costs are at record levels. Any extra money people had is gone.

These fucking goomba's in charge are now printing billions of dollars and continuing a program that failed the first two times.

If I had to write a book on an insane country it would be about the USA since 2007.

Unlimited QE and buying housing bonds is not going to fix the problem. These fucking dickwads are so far out of touch with the real issue it's almost laughable at this point.

They have no clue what they are doing, they don't know how to fix the issue.

People need debt relief so they can take on fresh credit and buy new things. As it stands now nobody is buying shit because they don't know if they will have jobs, they are not getting raises, and incomes have dropped.

They are not buying anything because they have too much debt as it is. Credit cards are maxed out, people are living paycheck to paycheck, and people have no discretionary income.

Groceries, gas, health insurance costs are at record levels. Any extra money people had is gone.

These fucking goomba's in charge are now printing billions of dollars and continuing a program that failed the first two times.

If I had to write a book on an insane country it would be about the USA since 2007.

That's when everything really went to shit.

Quoting: FatalW1shes

I spend 1.2k for my mortgage payments and utility and around 1k for food to feed my family every month and I make about 2.5k every month. 200-300 for gas. And even I don't eat out and shopping, I barely get by every month. If I spend $200 more for my food or gas, I just have to use my credit card to pay my bills. opps, I forgot to include the credit card payments. holy cow!

Re: How Bad Has The Global Economy Really Gotten? Both ECB And FED Launch Unlimited QE!!!

The economy was in desperate danger under dubya and they lied about it. After the repubs realized they couldnt win the 2008 elections they bailed and took their illgotten gains with them. The WORLD ECONOMY ACTUALLY CRASHED and SHATTERED.

But never fear we have quantative easing which is an example of trickle down economics.... Provide liquidity to the banks, who will then in turn lend the money to the businesses and consumers, the consumers will then spend, which will create demand for products and services, who will then create jobs which will then boost the economy and continue the cycle.

Re: How Bad Has The Global Economy Really Gotten? Both ECB And FED Launch Unlimited QE!!!

The economy was in desperate danger under dubya and they lied about it. After the repubs realized they couldnt win the 2008 elections they bailed and took their illgotten gains with them. The WORLD ECONOMY ACTUALLY CRASHED and SHATTERED.

But never fear we have quantative easing which is an example of trickle down economics.... Provide liquidity to the banks, who will then in turn lend the money to the businesses and consumers, the consumers will then spend, which will create demand for products and services, who will then create jobs which will then boost the economy and continue the cycle.

Money then trickles down through out the system. Is it working?

Quoting: Anonymous Coward 2160618

well under careful analysis it seems that trickle down isn't working because of golden diamond encrusted drip pans catching all the trickles and funneling them directly to the cayman islands. Better give those guys another tax cut.